2016 Q1 Form 10-Q Financial Statement

#000005836116000052 Filed on May 06, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $146.8M $156.6M
YoY Change -6.21% 0.93%
Cost Of Revenue $6.100M $7.700M
YoY Change -20.78% -17.2%
Gross Profit $140.8M $148.9M
YoY Change -5.44% 2.83%
Gross Profit Margin 95.89% 95.11%
Selling, General & Admin $58.90M $61.20M
YoY Change -3.76% 3.55%
% of Gross Profit 41.83% 41.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.325M $4.686M
YoY Change -7.7% -11.17%
% of Gross Profit 3.07% 3.15%
Operating Expenses $130.1M $138.0M
YoY Change -5.71% 4.55%
Operating Profit $18.74M $20.24M
YoY Change -7.37% -14.69%
Interest Expense $16.28M $18.40M
YoY Change -11.53% -10.46%
% of Operating Profit 86.86% 90.95%
Other Income/Expense, Net $13.13M -$17.48M
YoY Change -175.13% -14.85%
Pretax Income $31.87M $2.759M
YoY Change 1055.2% -13.7%
Income Tax $12.39M $717.0K
% Of Pretax Income 38.87% 25.99%
Net Earnings $19.23M $1.800M
YoY Change 968.22% 21.13%
Net Earnings / Revenue 13.09% 1.15%
Basic Earnings Per Share $0.36 $0.03
Diluted Earnings Per Share $0.36 $0.03
COMMON SHARES
Basic Shares Outstanding 53.18M shares 52.49M shares
Diluted Shares Outstanding 53.75M shares 53.88M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.50M $11.40M
YoY Change 44.74% -23.49%
Cash & Equivalents $16.47M $11.35M
Short-Term Investments
Other Short-Term Assets $5.877M $8.064M
YoY Change -27.12% -18.55%
Inventory $4.356M $5.438M
Prepaid Expenses
Receivables $52.10M $59.60M
Other Receivables $0.00 $100.0K
Total Short-Term Assets $78.85M $85.78M
YoY Change -8.08% -8.26%
LONG-TERM ASSETS
Property, Plant & Equipment $136.2M $153.4M
YoY Change -11.23% -5.99%
Goodwill $243.7M $243.7M
YoY Change 0.0% 0.0%
Intangibles $172.7M $199.1M
YoY Change -13.23% -12.83%
Long-Term Investments $32.15M $36.13M
YoY Change -11.02% -27.31%
Other Assets $30.90M $36.47M
YoY Change -15.25% 93.97%
Total Long-Term Assets $639.1M $693.9M
YoY Change -7.9% -1.41%
TOTAL ASSETS
Total Short-Term Assets $78.85M $85.78M
Total Long-Term Assets $639.1M $693.9M
Total Assets $717.9M $779.6M
YoY Change -7.92% -2.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.47M $18.79M
YoY Change -12.35% -8.8%
Accrued Expenses $22.66M $24.40M
YoY Change -7.14% -6.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $31.40M $27.40M
YoY Change 14.6% 72.33%
Total Short-Term Liabilities $104.1M $106.0M
YoY Change -1.77% 14.3%
LONG-TERM LIABILITIES
Long-Term Debt $625.1M $736.9M
YoY Change -15.17% -6.88%
Other Long-Term Liabilities $9.385M $16.03M
YoY Change -41.46% -66.67%
Total Long-Term Liabilities $634.5M $752.9M
YoY Change -15.73% -10.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $104.1M $106.0M
Total Long-Term Liabilities $634.5M $752.9M
Total Liabilities $844.9M $944.8M
YoY Change -10.58% -0.92%
SHAREHOLDERS EQUITY
Retained Earnings -$360.5M -$402.7M
YoY Change -10.49%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$127.8M -$165.9M
YoY Change
Total Liabilities & Shareholders Equity $717.9M $779.6M
YoY Change -7.92% -2.22%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $19.23M $1.800M
YoY Change 968.22% 21.13%
Depreciation, Depletion And Amortization $4.325M $4.686M
YoY Change -7.7% -11.17%
Cash From Operating Activities $20.50M $17.20M
YoY Change 19.19% -24.23%
INVESTING ACTIVITIES
Capital Expenditures -$1.800M -$2.200M
YoY Change -18.18% -15.38%
Acquisitions
YoY Change
Other Investing Activities $32.70M $600.0K
YoY Change 5350.0% -70.0%
Cash From Investing Activities $30.90M -$1.500M
YoY Change -2160.0% 150.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -46.70M -20.30M
YoY Change 130.05% 2.01%
NET CHANGE
Cash From Operating Activities 20.50M 17.20M
Cash From Investing Activities 30.90M -1.500M
Cash From Financing Activities -46.70M -20.30M
Net Change In Cash 4.700M -4.600M
YoY Change -202.17% -309.09%
FREE CASH FLOW
Cash From Operating Activities $20.50M $17.20M
Capital Expenditures -$1.800M -$2.200M
Free Cash Flow $22.30M $19.40M
YoY Change 14.95% -23.32%

Facts In Submission

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172730000 USD
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InterestExpense
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us-gaap Interest Expense
InterestExpense
37193000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
16281000 USD
us-gaap Interest Expense
InterestExpense
33423000 USD
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InterestIncomeDepositsWithFinancialInstitutions
102000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
180000 USD
CY2016Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
110000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
185000 USD
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InterestPayableCurrent
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InterestPayableCurrent
3577000 USD
CY2015Q3 us-gaap Inventory Net
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3914000 USD
CY2016Q1 us-gaap Inventory Net
InventoryNet
4356000 USD
CY2015Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
123173000 USD
CY2016Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
58850000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
117514000 USD
CY2015Q3 us-gaap Land
Land
22257000 USD
CY2016Q1 us-gaap Land
Land
21978000 USD
CY2015Q3 us-gaap Liabilities
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906408000 USD
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844852000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
747825000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
717926000 USD
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105281000 USD
CY2016Q1 us-gaap Liabilities Current
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104085000 USD
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
700872000 USD
CY2016Q1 us-gaap Long Term Debt
LongTermDebt
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CY2015Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
25000000 USD
CY2016Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
31400000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
521261000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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66337000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
25000000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
25000000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
18900000 USD
CY2015Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
700872000 USD
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
625098000 USD
CY2015Q3 us-gaap Long Term Investments
LongTermInvestments
44152000 USD
CY2016Q1 us-gaap Long Term Investments
LongTermInvestments
41465000 USD
CY2015Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
290127000 USD
CY2016Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
281208000 USD
CY2015Q3 us-gaap Minority Interest
MinorityInterest
810000 USD
CY2016Q1 us-gaap Minority Interest
MinorityInterest
872000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-40491000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-68117000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-4328000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
31900000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
39465000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
41551000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
1800000 USD
us-gaap Net Income Loss
NetIncomeLoss
11553000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
19228000 USD
us-gaap Net Income Loss
NetIncomeLoss
30465000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
242000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
496000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
255000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
526000 USD
CY2015Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-17476000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-38468000 USD
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
13129000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4626000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-192000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-384000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-43000 USD
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Expenses
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280444000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Expenses
OperatingExpenses
264896000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
20235000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
57732000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
18743000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
55152000 USD
CY2015Q3 us-gaap Other Assets Current
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8304000 USD
CY2016Q1 us-gaap Other Assets Current
OtherAssetsCurrent
5877000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34128000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
30904000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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-86000 USD
CY2015Q1 us-gaap Other Cost And Expense Operating
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OtherCostAndExpenseOperating
117103000 USD
CY2016Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
54107000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
112977000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9680000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9385000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2318000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1140000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
688000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1333000 USD
CY2015Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
10429000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
21409000 USD
CY2016Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
11446000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
23783000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
180000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
82000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
44000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5675000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3271000 USD
us-gaap Pension Contributions
PensionContributions
705000 USD
CY2016Q1 us-gaap Pension Contributions
PensionContributions
744000 USD
us-gaap Pension Contributions
PensionContributions
1488000 USD
us-gaap Pension Contributions
PensionContributions
1488000 USD
CY2015Q3 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
11060000 USD
CY2016Q1 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
10716000 USD
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3776000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
2042000 USD
us-gaap Profit Loss
ProfitLoss
12049000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
19483000 USD
us-gaap Profit Loss
ProfitLoss
30991000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
493112000 USD
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
482513000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
868000 USD
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q1 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
15659000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
30646000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
143769000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
136203000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
45500000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
73124000 USD
CY2015Q1 us-gaap Restructuring Charges
RestructuringCharges
641000 USD
us-gaap Restructuring Charges
RestructuringCharges
852000 USD
CY2016Q1 us-gaap Restructuring Charges
RestructuringCharges
588000 USD
us-gaap Restructuring Charges
RestructuringCharges
1192000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-390966000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2015Q1 us-gaap Revenues
Revenues
156557000 USD
us-gaap Revenues
Revenues
333766000 USD
CY2016Q1 us-gaap Revenues
Revenues
146835000 USD
us-gaap Revenues
Revenues
315240000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
-159393000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
-127798000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-158583000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-126926000 USD
CY2015Q1 us-gaap Subscription Revenue
SubscriptionRevenue
48111000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
98510000 USD
CY2016Q1 us-gaap Subscription Revenue
SubscriptionRevenue
46658000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
97089000 USD
CY2016Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
28713000 USD
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1381000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1434000 shares
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
575000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
619000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53875000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53916000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53751000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53777000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52494000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52482000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53176000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53158000 shares

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